Royal Bank of Scotland could begin selling off its government-held stakes as early as next year, if market conditions are right, according to unnamed RBS officials. The process may take years to complete, however, if George Osborne, Chancellor of the Exchequer, follows the recommendations of Sir John Vickers. Vickers heads the Independent Commission on Banking, which calls for separating high-street and investment-banking division. Such a move could reduce RBS’ market price, observers say.
